Global Footprint

FEATURED ARTICLES ABOUT GLOBAL FOOTPRINT - PAGE 4

NEW DELHI: With the in-principle approval to merge Centurion Bank of Punjab with itself, HDFC Bank is looking at increasing its global footprint. "We are exploring possibility of having presence in some location," said Housing Development Finance Corporation Chairman Deepak Parekh, promoter of HDFC Bank. Among various destination the bank is looking at Canada and Singapore, he told PTI. To fund the global expansion, HDFC Bank also plans to raise one billion dollars (about Rs 4,000 crore)

CHENNAI: TCS is to recruit 4,000 people overseas this year as a part of its plan to strengthen its global footprint, a senior official said. Mr S Padmanabhan , executive vice-president & head, global human resources, TCS, it would hire close to 1,000 people in Latin America (Brazil), 800 in the US, and the rest in China and Hungary. Presently, non-Indians account for 7.5% of its total workforce, a number that's set to expand. TCS had acquired three companies ? based in Australia (FNS)

Avinash Gupta , Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about M&M. What does one do with M&M if somebody has it, because the news is definitely positive? M&M is one of the excellent stocks one has to hold. It is a company which has got interest in many areas. The step which M&M is taking towards acquiring Ssangyong is an indication that India has strong competitive potential in auto industry to have a global footprint and this is another company which is taking the step in that direction.

MUMBAI: Edward Dolman has had a fantastic 2005. Christie's touched $3.2 billion in worldwide sales. And while the world worries about the unrealistic escalation in contemporary art prices, wondering how long they will stay there, the global auction house CEO, is busy expanding Christie's global footprint. Re-entering India is one of them. Though at present Indian art contributes just 2.5% of the auction house's total sales (sales of Indian art contributed $80 million approximately in 2005 to Christie's total sales)

Mumbai: IT firm Nucleus Software Exports on Tuesday said it has entered into a partnership with Turkey-based Gantek to capitalise their respective capabilities and experiences in that country. "Given its established presence in the region, Gantek will help Nucleus enhance product sales and implementation in addition to providing first level support to the clients," IT firm said in a filing to the Bombay Stock Exchange . However, the company did not disclose the financial details of the partnership.

MUMBAI: Tata group company, Tata Communications on Wednesday said that it is partnering with RTComm to provide joint data service between carriers in Russia and the rest of the world. RTComm is one of the leading companies in the Russian telecommunications market and is now a part of the Rostelecom group. The agreement enables Tata Communications to leverage its position of strength in the worldwide telecommunications sphere, utilising the localised expertise in the Russian market through RTComm'e established national leadership, a press release issued here said.

In a chat with ET Now, Hemang Jani, Senior Vice President, Sharekhan, talks about mid-cap stocks. ET Now: What are your views on mid-cap stocks? Hemang Jani: Some of the stocks that we like are United Phosphorous which is again a agrochemical play with global footprint. We also like Godrej Consumer because the overall growth in that particular pocket is going to be about 20-25% and after about 1 quarter or so once the monsoon is normal, we will see easing in the margin pressure also for some of these companies.

MUMBAI : Tata group's global e-learning firm, Tata Interactive Systems, on Monday acquired two European software companies in a move to expand its global presence for an undisclosed amount. The company acquired Tertia Edusoft AG in Switzerland and Tertia Edusoft Gmbh in Germany from the Tertia Group, TIS said in a release. Tertia group is the leading provider of human resource management solutions in Germany. The acquisition comes close of the heels of the sucessful launch and consolidation and success of TIS operations in Japan and is expected to significantly enhance their global footprint, a span that now includes US, Canada, UK, Australia, NZ, UAE, Japan, SA, Indian and mainland Europe, it said.

MUMBAI: Tata group's telecommunication services provider company Videsh Sanchar Nigam Ltd (VSNL) on Thursday said it has selected Teleglobe Voice Termination Service (VTS) to provide call termination for SkypeOut. "We have the necessary global footprint, relationships and expertise in international voice market to support companies like Skype, as well as broadband providers," VSNL President-Global Voice Solutions Michel Guyot said in a statement. Teleglobe allows direct traffic exchange with the VSNL network providing significant savings in capital and operating expenses, reduction in time and costs along with added capacity, it said.

NEW DELHI: Kotak Investment Banking has entered into an exclusive co-operation agreement with Japan-based investment bank GCA Savvian Corporation, to advise Indian and Japanese companies on cross-border mergers and acquisitions (M&As) between the two countries. The tie-up will enable both the firms take advantage of each other s local knowledge and long-standing corporate relationships to open up international M&A opportunities for their respective clients. There is a strong strategic business fit between Japanese and Indian corporates and companies can derive significant synergies from each other.